Our view on public pensions: Lavish benefits hurt states - USATODAY.com
The Pew Center on the States estimates that state and local governments have promised $3.35 trillion in benefit plans and have underfunded these plans by $1 trillion.
In some states and localities, it is not uncommon to see pensions of 2.5%-3% of a worker's final salary, times the number of years worked. At 3%, a worker can retire in his or her 50s, after 33 years of service, and continue drawing the same income. With deals like this, plus retiree health benefits,
New York City now spends $144,000 a year for a sanitation worker, according to the Manhattan Institute think tank.
here's govmt for ya...
News Tribune exclusive: State hires hundreds despite hiring freeze | Government / Politics - The News Tribune
News Tribune exclusive: State hires hundreds despite hiring freeze
Officially, there is a hiring freeze on the books. But state agencies have won exemptions that have opened the door to
1,700 hires since the freeze began in March, a News Tribune analysis found.
like the Obamacare exemptions...
I bet you can guess which states continue to hire workers to the payrolls and which are being more judicious
